Find the amount of manufacturing overhead allocated

Assignment Help Cost Accounting
Reference no: EM132759340

Question - Franklin Inc. manufactures pipes and applies manufacturing overhead costs to production at a budgeted? indirect-cost rate of? $15 per direct? labor-hour. The following data are obtained from the accounting records for June? 2018:

Direct materials ?$100,000

Direct labor? (4,000 hours? @ $10/hour) ?40,000

Indirect labor ?10,000

Plant facility rent ?26,000

Depreciation on plant machinery and equipment ?24,500

Sales commissions ?23,000

Administrative expenses ?31,000

Required - Find the amount of manufacturing overhead allocated to all jobs during June 2018 totals??

A. ?$60,500

B. ?$91,500

C. ?$60,000

D. ?$76,000

Reference no: EM132759340

Questions Cloud

Examine the effectiveness of motivating employees : Describe specific motivational techniques that could be used within your organization or one that interests you to improve work performances.
How much was the profit of abc partnership : How much was the profit of ABC Partnership in 20x1? A, a partner in the ABC Partnership, has a 30% participation in partnership profits and losses.
How many would the equivalent units for conversion costs be : If 10,000 units were transferred to the next processing center during the period, how many would the equivalent units for conversion costs be
How much is the ending balance of b capital account : How much is the ending balance of B's capital account? Monthly salary allowances of ?8,000 and ?40,000 to A and B, respectively, recognized as expenses.
Find the amount of manufacturing overhead allocated : Depreciation on plant machinery and equipment ?24,500. Find the amount of manufacturing overhead allocated to all jobs during June 2018 totals?
How qualitative study contributes to social work practice : Consider how the qualitative study contributes to social work practice and how this type of knowledge would fit into building evidence-based practice.
Environment construction economics and procurement : Environment Construction Economics and Procurement - Design and build, separating design from construction or a novated approach as used for the first phase
Fourth amendment and search and seizure : Discuss how Chimel v. California (1969) defined what officers may search, when they may search, and why.
Find how much is the share of a in the partnership loss : A and B shall maintain average investments of ?400,000 and ?600,000, respectively. Interest on the excess. How much is the share of A in the partnership loss?

Reviews

Write a Review

Cost Accounting Questions & Answers

  Compute cost of gainess services that is an indirect cost

Compute the direct cost of compensating Gaines for her services on the flight from San Diego to Sacramento. Compute the cost of Gaines's services that is an indirect cost.

  Why you have determined this to be a good sale price

You are to determine the selling price. Show your calculations, and discuss why you have determined this to be a good sale price.

  Develop the standard cost for the direct cost components

Develop the standard cost for the direct cost components of a 10-gallon batch of raspberry sherbet. For each direct cost component, the standard cost should identify the following: Standard quantity.

  What revenues are projected for march

Revenue projections for the coming year are $47,500 for January and $50,000 for February. Cash receipts of $50,600 are expected in March. What revenues are projected for March?

  What amount of conversion costs are assigned to ending

What amount of conversion costs are assigned to ending Work-in-Process account for June? What is the direct materials cost per equivalent unit during June?

  Find the annual cost of the inventory policy is

Find The annual cost of the inventory policy is. Specialty Manufacturing requires 5 400 gadgets per year for production. The firm decides to order 120 gadgets

  Draw a scattergraph relating overhead costs

Estimate the monthly fixed costs and the unit variable cost per machine-hour using the highlow estimation method - draw a scattergraph relating overhead costs to the number of machine-hours.

  What are the conceptual conditions

What are the conceptual conditions under which real options value is greater than zero?

  What is the eps for each plan

If EBIT is $925,000, what is the EPS for each plan? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

  Is the cost of design and making of silk-screen

Is the cost of Design and making of silk-screen ($100), a fixed cost or variable cost ? Why? The silk-screen is custom-made with design as required by customer

  Assignment detailsyou are the financial accountant for a

assignment detailsyou are the financial accountant for a mid-sized company and you have been briefed on a meeting that

  What is the average waiting time in minutes

What is the average waiting time in minutes? Historically, its demand has ranged from 30 to 50 windows per day with an average of 43.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd